Productivity Knowledge Base: Productivity vs. Efficiency | |||
|
The Federal Government is reporting some pretty high productivity statistics. They measure productivity by dividing the total output by the number of workers. Now, think about this. Bill works 30 hours and makes 100 widgets. Mike works 60 hours and makes 101 widgets. According to the government, Mike is more productive than Bill. Yet, Bill is more than twice as efficient as Mike. How can Mike be more productive? The quantity the government is measuring isn't productivity. It's a meaningless number that nobody can use for managerial or economic purposes. The correct way to measure productivity is to divide the total output by the labor hours used to produce that output. How do productivity and efficiency differ? Productivity measures the total product out the door--completed work. Efficiency measures the amount of work done, regardless of how much completed product there is--it is process-oriented. Productivity and efficiency move in the same direction. Thus, you cannot have the disparity logically arrived at by the government's method of calculation. When you raise efficiency, productivity will necessarily improve--provided that efficiency increase does not come at the cost of efficiency elsewhere in the productivity chain. That's an issue we cover in our productivity seminars. We help you learn the secrets of the masters. |
More thoughts on time managementThe phrase "time management" is an unfortunate language quirk. You can't really manage time. It just is. You can't gain time, create time, or even lose time. Time is what it is, regardless of what we do. And, paradoxically, many common "time management" techniques and practices are timewasters because they divert limited resources (such as time) to the wrong things.It would be better to say "time allocation" or "activity management" "time usage" or some other phraseology to indicate that it's not time itself you're managing but how you use the time that exists. But we'll use the common terminology here to avoid confusion. Some things time management is not:
Some things good time management involves:
We've highlighted only some of the factors involved in good time management. We actually teach extreme time management, which is a methodology that allows you to make effective use of your time almost second nature. You don't need a complicated system. Our system puts many of the variables on autopilot, so you have more time to do what you need to do. Our system goes way beyond most other systems in results, yet is far simpler. Contact us for a presentation to your organization:
comments @ mindconnection.com (remove the spaces after pasting into your
e-mail client's "to" box.
|